In great fiscal wars, a plan for peace with honor

By Clive Crook / The Bulletin
November 25, 2012

In one way, the so-called fiscal cliff threatening the U.S. economy is less dangerous than widely supposed. In another, it’s more.

First, as many have said, the cliff is really a slope. At year’s end, the tax cuts passed in 2001 and 2003 automatically expire, and a....

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